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Consolidated Balance Sheet (Unaudited at June 30, 2022) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Assets    
Fixed maturities, available for sale, at fair value (amortized cost $75,917 and $74,751; allowance for expected credit losses of $4 and $3) $ 71,099 $ 77,810
Equity securities, at fair value (cost $755 and $749) 800 893
Real estate investments 970 979
Short-term securities 3,569 3,836
Other investments 4,021 3,857
Total investments 80,459 87,375
Cash 710 761
Investment income accrued 612 615
Premiums receivable (net of allowance for expected credit losses of $89 and $107) 9,132 8,085
Reinsurance recoverables (net of allowance for estimated uncollectible reinsurance of $132 and $141) 8,509 8,452
Ceded unearned premiums 1,196 902
Deferred acquisition costs 2,776 2,542
Deferred taxes 1,374 0
Contractholder receivables (net of allowance for expected credit losses of $18 and $21) 3,735 3,890
Goodwill 3,967 4,008
Other intangible assets 294 306
Other assets 3,823 3,530
Total assets 116,587 120,466
Liabilities    
Claims and claim adjustment expense reserves 57,983 56,907
Unearned premium reserves 17,811 16,469
Contractholder payables 3,753 3,911
Payables for reinsurance premiums 620 384
Deferred taxes 0 289
Debt 7,291 7,290
Other liabilities 6,255 6,329
Total liabilities 93,713 91,579
Shareholders’ equity    
Common stock (1,750.0 shares authorized; 237.3 and 241.2 shares issued and outstanding) 24,419 24,154
Retained earnings 42,684 41,555
Accumulated other comprehensive income (loss) (5,155) 1,193
Treasury stock, at cost (547.7 and 541.5 shares) (39,074) (38,015)
Total shareholders’ equity 22,874 28,887
Total liabilities and shareholders’ equity $ 116,587 $ 120,466